Endeavour Mining (LON:EDV) Earns Outperform Rating from Royal Bank Of Canada

Key Points

• Endeavour Mining has received an "outperform" rating from the Royal Bank of Canada, with a price target set at GBX 3,000, suggesting a potential upside of 28.87% from its previous close.
• Berenberg Bank also reissued a "buy" rating for Endeavour Mining, with a higher target price of GBX 3,300, indicating strong confidence in the company's future performance.
• Currently, Endeavour Mining's shares are trading at GBX 2,328, with a market capitalization of £7.04 billion and a 52-week range between GBX 1,387 and GBX 2,437.

Royal Bank Of Canada restated their outperform rating on shares of Endeavour Mining (LON:EDV - Free Report) in a research note published on Friday, MarketBeat Ratings reports. The brokerage currently has a GBX 3,000 ($39.84) price target on the stock.

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 3,300 ($43.82) target price on shares of Endeavour Mining in a report on Thursday.

Endeavour Mining Stock Up 1.7%

LON:EDV traded up GBX 40 ($0.53) during midday trading on Friday, hitting GBX 2,340 ($31.07). The stock had a trading volume of 44,776,238 shares, compared to its average volume of 1,465,953. Endeavour Mining has a one year low of GBX 1,387 ($18.42) and a one year high of GBX 2,437 ($32.36). The company has a market capitalization of £7.08 billion, a price-to-earnings ratio of -20.76 and a beta of 0.92. The stock has a 50-day moving average of GBX 2,280.77 and a 200 day moving average of GBX 1,983.54.

Endeavour Mining (LON:EDV - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported GBX 71 ($0.94) earnings per share (EPS) for the quarter. Endeavour Mining had a negative return on equity of 11.19% and a negative net margin of 14.83%. On average, sell-side analysts anticipate that Endeavour Mining will post 246.761658 earnings per share for the current fiscal year.

Endeavour Mining Company Profile

Endeavour is one of the world's senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d'Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa. A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates.